ALROSA's Vladivostok Sale of Special Rough Diamonds Nets $9M

Rough Market
03/11/2017 10:41

ALROSA held an international auction for the sale of special size rough diamonds (+10.8 carats) in the Eurasian Diamond Centre in Vladivostok from October 16 to 27. The company sold 66 stones with the total weight of 1,084 carats, out of a previously-announced 72 gem-quality lots with the total weight of 1,170 carats. The total sales revenue amounted to $9 million. The most expensive 40.47-carat rough diamond sold for more than $1 million. “Our branch in Vladivostok was opened in the fall of 2016, and today we can review the results of the first year of its work," said Yury Okoyomov, ALROSA Vice President. "In the period from September 2016 to October 2017, we held four auctions for special-size rough diamonds at the Far-Eastern platform and sold 4,708 carats of rough diamonds for the total of $47 million. It is a good result.”